Author: omc_admin

Chevron’s El Segundo refinery in California is producing fuels at reduced rates following last week’s massive fire, the supermajor said on Tuesday, adding it is working to restart units that were shut down after the incident.Following an explosion of a yet-to-be-determined nature, a large fire broke out on Thursday night at Chevron’s 280,000-bpd refinery in El Segundo in the Los Angeles area. The fire was later contained, the police in El Segundo said, adding there wasn’t a call for residents to evacuate.“The refinery continues to operate and create transportation fuels, although at diminished rates,” Chevron said on Tuesday, as carried…

Energy company TotalEnergies and resource management-focused company Veolia agreed to broaden their partnership through a new memorandum of understanding aimed at speeding up the shift toward cleaner energy and more efficient resource use. The collaboration combines their respective expertise in energy and environmental management to develop large-scale solutions that lower emissions and conserve water across industries. Specifically, Veolia will apply its experience in water and waste management, while TotalEnergies will contribute its expertise in cutting methane emissions and providing low-carbon energy.  Patrick Pouyanné, Chairman and CEO of TotalEnergies, said:  “Together, we can make a concrete contribution to the energy transition…

• £27 million ($34 million) green loan backs HyMarnham Power, the first UK hydrogen facility under the Hydrogen Allocation Round 1 (HAR1) to reach commercial operation.• EIFO issues its first international Power-to-X guarantee, expanding Denmark’s clean energy footprint into the UK.• GeoPura launches European hub in Denmark to secure electrolyser capacity and build delivery capability across the continent. Financing the UK’s first HAR1-backed hydrogen facility GeoPura has secured a £27 million ($34 million) green loan facility to scale its hydrogen-powered energy services in the UK and expand into Europe through a new Danish hub. The financing, jointly structured by Barclays…

Kevin McLachlan, newly appointed VP of Exploration at Chevron. Chevron Corp. has appointed Kevin McLachlan as Vice President of Exploration, effective November 1, succeeding Liz Schwarze, who will retire in February 2026 after 36 years with the company. McLachlan will lead Chevron’s global exploration program and will be based in Houston. “Kevin will be an important addition to the Exploration organization,” said Clay Neff, President of Chevron Upstream. “He joins us as an experienced energy executive with a strong record of leading exploration organizations to achieve industry-leading performance and value creation.” McLachlan brings more than 30 years of…

Bank of America is urging caution after gold broke above $4,000 for the first time Tuesday. Gold futures touched an intraday record of $4,014.60 per ounce as of 11:31 a.m. ET, while spot gold hit an all-time high of $3,985.36. Gold prices have gained about 50% this year as investors seek a safe haven from geopolitical volatility, economic uncertainty, a weaker dollar and stubborn inflation. But BofA warned investors that gold may enter a “consolidation or correction” in the fourth quarter, as it faces “uptrend exhaustion.” Spot gold tends to pivot either higher or lower when it hits big round…

LEGO aims to fully phase out natural gas across its factories by deploying site-specific renewable heating systems. Projects in Hungary, Denmark, and China are expected to cut thousands of tonnes of CO₂ emissions annually. The initiative supports LEGO’s “Zero Impact in Operations” strategy targeting full decarbonization of Scope 1 and 2 emissions. A Global Strategy Built on Local Innovation The LEGO Group is accelerating efforts to decarbonize its global manufacturing footprint, advancing projects in Europe and Asia designed to eliminate natural gas from its operations. The company’s “Zero Impact in Operations” initiative focuses on reducing Scope 1 and 2 emissions…

The testing organisation Dekra is entering into a strategic partnership with Sphere Energy, a pioneer in the use of artificial intelligence for battery development. As part of this, Dekra will also become a shareholder in Sphere. Sphere’s AI-based simulations will be used for Dekra’s battery testing and validation. The two companies intend to jointly offer a seamless end-to-end validation ecosystem for batteries to support customers in the battery and automotive industries throughout the entire battery development cycle. Both companies can draw on expertise in early cell development at Sphere’s Battery Technology Centre in Grossaitingen near Augsburg, Germany, as well as…

Berlin’s public transport operator is expanding its electric bus charging infrastructure to include fast chargers at terminal stops. During the first phase of the project, up to 20 such charging stations will be installed throughout the city by the end of 2027 in order to stabilize electric bus operations. The idea is simple: buses can charge there during regular service and do not have to return to the depot for recharging in between. Most routes can be operated daily without intermediate charging, as the number of battery packs in the buses (and thus their range) is usually tailored to the…

A recent report from battery intelligence firm Accure reveals that while most battery energy storage systems (BESS) operate reliably, nearly 19% of projects experience reduced returns due to technical issues and unplanned downtime. BESS are fast becoming central to the global energy transition, but the sector still faces significant operational and financial risks that are reshaping how assets are deployed and managed at scale. As a result, real-world performance insights are becoming critical for investors, developers, and operators alike. The 2025 ACCURE Energy Storage System Health & Performance Report, released last month, offers what is described as the first large-scale…

Backed by the UK’s National Wealth Fund and existing partner TechMet, Cornish Lithium will use the fresh equity funding to move its core projects towards commercial viability. If successful, it could help anchor the UK in the global battery materials supply chain. Some background here: the Cornish economy was once heavily reliant on mining, particularly tin and copper, but also other precious metals. From the 1980s and 1990s, though, mining declined in Cornwall following a number of mine closures – most famously, the South Crofty tin mine in West Cornwall. Now, with the advent of EVs, advances in battery technology,…